A Tory Government would not lift markets more than Labour despite the party’s allegiance to the investment community, say roadshow panellists.In some general elections, investment professionals have been vocal in their support of the Tories but panellists said investors would not be affected positively or negatively by a change of Government. Invesco Asset Management distribution director Andrew Watkins said he “leaned to the right of Genghis Khan” but believed the re-election of Labour would not be a bad thing for investors. He also said opposition leader Michael Howard was untried and had the potential to disappoint. Gerrard director Brian Tora is the chairman of his local Conservative association but said investors would notice little difference between the parties because of the way Labour has restructured. He said the IFA audience should vote Conservative bec-ause of the issue of smaller government and less regulation. Seven Investment Management chief executive Tom Sheridan said markets do not like uncertainty and would prefer Tony Blair to be re-elected.
With combined sales of UBS’s absolute return bond fund, and DWS’s Ratebuster product topping 90m in their offer periods, the industry has been reflecting on whether these apparently safe products can deliver on their promises.
Transact has slashed charges on funds for wealthier clients in a wrap price war sparked by Abbey undercutting its rates for high-volume business.
It is often said that there is only one thing worse than being talked about and that is not being talked about. It is perhaps an indication of its impact on the market that Standard Life’s Sipp continues to generate so much interest. There has been considerable coverage of our decision to appoint Fidelity FundsNetwork […]
Mortgages plc has agreed a branded lending deal with distributors The Finance Centre.Under the terms of the deal TFC will market the entire Mortgages plc product range to intermediaries under its own umbrella, TFC Homeloans. Advisors will also be able to produce KFIs via a facility on the TFC Homeloans website.Mortgages plc Sales & Marketing […]
“There is a serious risk of unhappy times if a full-scale trade war breaks out. If that happened it would make Brexit look like a walk in the park”, says Loomis Sayles chief economist Brian Horrigan. Click here to read the full article
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